SEC crypto enforcement up over 3,000% since 2023 #EnforcementPower

The US SEC had a record-breaking year for crypto enforcement, even before the eToro settlement.
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As of Sept. 10, the SEC imposed nearly $4.7 billion of enforcement actions against crypto firms and executives in 2024, an over 3,000% jump from 2023.
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The SEC’s record-setting year was mostly boosted by its massive $4.47-billion settlement with Terraform Labs and its former CEO, Do Kwon, in June — its “largest enforcement action to date,” according to a Sept. 9 report from Social Capital Markets.
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The regulator’s 11 enforcement actions in 2024 netted a 3,018% increase from its $150.3 million worth of fines in 2023 despite taking 19 fewer actions against crypto firms.

Industry participants saw the statement as an ironic shift, considering that the SEC has previously maintained that the XRP 

XRP = $0.59 #XRPGoal

 token was a security, which was also highlighted by Deaton: #TokenUpdate

“All I asked, was for the SEC to honor the law and make clear that the token itself (XRP) was NOT the security. The lawyers at the SEC not only refused to do so, but they attacked me personally.”

On Sept. 12, the SEC settled with eToro, forcing the trading platform’s US wing to cease trading for nearly all crypto assets and pay a $1.5 million fine. #MillionaireGoals

Cheating Is Bad:' Hamster Kombat Enforces Anti-Cheating Mechanism Before Airdrop #EnforcementPower

Hamster Kombat, one of the hottest clicker games on Telegram, introduced an undefined anti-cheating mechanism that penalizes users who try to game its reward system. The team highlighted the relevance of “doing everything right,” protecting members and players who have not used these techniques to gain an unfair advantage for the upcoming airdrop.

Hamster Kombat Enforces Anti-Cheating Rules Before September 26 Airdrop

Hamster Kombat, one of the hottest clicker games distributed via Telegram, has released a new update to ensure the fair distribution of HMSTER tokens before its upcoming airdrop, slated to happen on September 26th. The Hamster Kombat team communicated via social media that it had introduced an anti-cheating strategy that would penalize users trying to game its rewards mechanism, giving no more details on the subject.

However, some users speculated that this had to do with utilizing clicker bots and other mechanisms allowing users to accrue points without interacting directly with the device in which Hamster Kombat was installed. The Hamster Kombat mania and the desire for getting a higher airdrop bounty have tripled the sales of electric massage guns, specifically marketed to this end in Russia.

The users determined to be involved in cheating were already given a “Cheating is Bad” achievement. Nonetheless, no information about this achievement’s implications on the final distribution of HMSTR tokens for these users has been disclosed.

Furthermore, it also invited players to “play fair,” reminding them that cheating will get them nowhere. However, players have been complaining about the blanket application of this strategy on social media, with some stating that they have received the award without having cheated to get more tokens.

What do you think about the recent anti-cheating strategy implemented by the Hamster Kombat team before its upcoming airdrop? Tell us in the comments section below.